Accounting Blog for Business

Audit Intelligence: The Future of Artificial Intelligence in Audit

Dec 21, 2018 4:00:00 PM

In a previous article, we discussed how artificial intelligence is being utilized in finance and accounting tasks. Here, we will uncover current roles and the potentials that artificial intelligence can bring in auditing.

Artificial Intelligence: What is AI and Where We are

Posted by Cedric Joshua Martinez

Dec 11, 2018 3:02:54 PM

In 1950, Alan Turing proposed a question in his paper “can machines think?”. This marked the beginning of the development of artificial technology. Today, AI has opened up new opportunities for progress in almost every field there is. However, in spite of the leaps that we have made in artificial intelligence, experts have failed to agree in a single universally accepted definition of what is artificial intelligence.

Franchise Accounting: 5 Headaches and How to Solve Them

Posted by Janis Narvas

Dec 11, 2018 10:00:00 AM

Opening your first franchise business can be exciting. Whether it’s your business that you opened for franchising or whether you signed up to open your own franchise, it’s a significant step towards financial success. As with any other opportunity, franchising presents a specific set of challenges and opportunities. One of the key things to prepare for as you’re setting out on this new venture is to get your franchise accounting infrastructure down pat.

Outsourcing in the Philippines: The Benefits of PEZA-Registered Companies

Posted by Janis Narvas

Dec 4, 2018 10:00:00 AM

In the past two decades, businesses in developed countries have sought operational efficiency through outsourcing. As a result, outsourcing in the Philippines has become a viable option for businesses to reduce overhead costs without compromising quality. To drive the growth of the outsourcing industry, the Philippine government provides incentives for foreign-owned companies to invest in the country. This week, we discuss the benefits of being a Philippine Economic Zone Authority (PEZA)-registered enterprise.

TRAIN Law 2: How TRABAHO will affect Businesses in the Philippines

Posted by Cedric Joshua Martinez

Nov 24, 2018 11:00:00 AM

The year 2019 is fast approaching. For the Philippine business sector, this means that the second part of the Philippines’ tax reform initiatives is right around the corner. This year, the Tax Reform for Acceleration Law (TRAIN Law) focused on bringing down personal income taxes. Next year, the proposed Tax Reform for Better and Higher Opportunities (TRABAHO) seeks to modernize the country’s business tax rates.

How to Future-Proof Your Career: 4 Tips for the Modern Accountant

Posted by Janis Narvas

Nov 20, 2018 10:00:00 AM

In the past few months, the discussions surrounding robotic accounting, automation, AI, and other recent developments in accounting technology have been fraught with anxiety and dread, even. Given how machine learning and big data are transforming the industry and impacting how you relate to clients, it’s incumbent upon you as an accountant to understand how to future-proof your career.